Question: please solve it in 20 mins I will thumb you up Question 7 Lebanon imported about 25% more than it exported. This will put pressure

 please solve it in 20 mins I will thumb you up

please solve it in 20 mins I will thumb you up

Question 7 Lebanon imported about 25% more than it exported. This will put pressure on its currency to O appreciate O depreciate Question 8 Lebanon has one of the highest level of government debt in the world, at about 360% of GDP. Many longer term bonds traded at less than half their face value. For simplicity, let the face value be 100 with no coupon and a price of 50. What is the interest rate? Question 9 For simplicity, assume Ms. Ego wanted to move $10,000 out of her bank account (this amount is in dollars) and the official XR is 1500-$1 and the black market rate is 30,000-$1. In May 2022 the Economist ran an article about the situation in Lebanon. It highlighted Rebecca Ego, who had $20,000 in her bank account. She planned on using that money to go to college in America. However, the bank blocked her from moving her money out. If the bank let her have $10,000 in Lebanese pounds at the official rate, how many pounds would she have? 2 pts 2 pts 2 pts

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!